HSIE Results Daily: Kaynes Technology, LIC Housing Finance, CreditAccess Grameen
Kaynes Technology: Kaynes’ revenue grew 54% YoY at INR 9.85bn, supported by a strong order book. Gross margins significantly expanded by 720bps YoY...
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Q4FY25 Earnings Preview - Banks, Financial Services and Insurance (BFSI)
We would watch out for management commentary on growth trajectory in FY26 and direction for recovery in the unsecured segments, particularly MFI...
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HSIE Results Daily: ICICI Bank, Shriram Finance, AU Small Finance Bank, CreditAccess Grameen
ICICI Bank’s (ICICIBC) Q3FY25 earnings marginally beat estimates on the back of strong operating performance, healthy growth on both sides of the...
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Q3FY25 Earnings Preview - Banks, Financial Services and Insurance (BFSI)
We expect banks under our coverage to deliver ~12% YoY credit growth in Q3FY25, in-line with industry growth. We would expect the systemic growth...
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Leveraged Financials | Microfinance: Positioning for the Down Cycle
The INR4.2trn microfinance industry (MFI) has witnessed a strong 20% CAGR over FY21-24, driven by a simultaneous increase in borrower count (13%...
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